The Global Coir Market size is projected to grow at a CAGR of 10.4% during the forecast period (2018–2028). in 2018 it is valued at US$ 727.5 Mn and is projected to reach a value of US$ X, XXX.X Mn by 2028. The demand for coir is witnessing an upsurge owing to its increasing application in various end-use industries.
Coir is a natural fiber extracted from the husk of coconuts. It is obtained by soaking coconut husks in water and then subjecting it to a process of retting and pounding. The coir fiber has high strength, elasticity, and durability. These properties make it an ideal material for various applications across different industries. The purpose of coir is to provide natural fibers for various industrial applications. Coir is obtained from the husk of coconut and is used in a variety of industries. Its growing demand can be attributed to its properties such as resistance to abrasion, UV, and insects. Coir is also biodegradable, doesn't absorb moisture or water, has high tensile strength, and is long-lasting with anti-static properties.
On the basis of Type, the global coir market is segmented into bristle coir, brown fiber, white fiber, buffering coir.
Bristle coir is an important source of industrial raw material as it is used in the manufacturing of brushes, mattresses, and other such products. It has a high demand across various industries owing to its properties such as excellent water absorption capacity and good resistance against abrasion. Bristle coir is also used in the production of brooms, brushes for automobiles and housekeeping, doormats, floor coverings such as carpets.
Brown fiber is the most commonly used coir. This type of fiber has high tensile strength and durability with good resistance to abrasion, insects, and UV rays. Brown fiber can be blended with other fibers such as cotton or synthetic fibers for more comfort and better insulation properties. Brown coir is also known as the "golden fiber" due to its high tensile strength. Brown fiber is obtained from the outer layer of a coconut husk. It is used in products such as doormats, brushes, mattresses, and sacking material. The demand for brown fiber has been increasing due to its growing application in manufacturing various industrial products such as ropes, nets, carpets/rugs, and brooms.
White fiber is the most common form of coir and boasts high tensile strength. It also has a relatively long life cycle, which makes it attractive for use in matting and mattresses. The white fibers are mainly harvested from the husk of young coconuts that have not yet fully matured into fruit-bearing coconuts (about six months). They are then soaked in water for a period of time, after which they become soft enough to be spun into rope or thread. The white fiber is also used as twine and has many other uses including carpet backing, upholstery stuffing, insulation material for pipes, etc. It can also be woven into mats and mattresses.
Buffering coir is a type of coir that is used to buffer the soil. It helps in maintaining the pH levels of the soil and also prevents it from becoming acidic. Buffering coir is obtained by treating white fiber coir with an alkali solution. This makes it resistant to decay and increases its lifespan. The buffering coir is cost-effective, eco-friendly, and also helps in plant growth. It has a high surface area to volume ratio which makes it suitable for use as a growing medium.
On the basis of Application, the global coir market is segmented into netting, upholstery-mattresses, matting, erosion control, insulation, agriculture.
Coir is used as a natural fiber in the netting industry for applications such as bird nets, anti-theft nets, and sports nets. It is also used to make fishing nets. Coir nets are known for their strength and durability. They are also resistant to rot and mildew. This makes them an ideal choice for outdoor applications. Coir nets are also biodegradable, which makes them a more environmentally-friendly option than synthetic nets.
The application of coir for the upholstery-mattresses industry is to provide cushioning and comfort. Coir is a natural fiber that is extracted from the husk of a coconut. It is an eco-friendly material that has many applications such as in mattresses, furniture, automotive interiors, and packaging. The use of coir in mattresses and other products is a direct result of the growing consumer preference for green products. Coir reduces the carbon footprint, which makes it an attractive option over synthetic materials. The demand for organic and natural fiber-based upholstery-mattress has increased over the years due to its biodegradability property, which makes it an eco-friendly alternative.
The coir fiber is used in the matting industry for making doormats, floor mats, and other types of mats. The fiber is also used to make rugs and carpets. The coir fiber is a natural absorbent and it traps dirt, dust, and moisture. This makes it an ideal material for use in floor mats and doormats. The coir fiber is also used in the automotive industry for making vehicle matting material that can resist heat and moisture. This helps to keep the car interiors clean and fresh.
One of the many applications of coir is erosion control. Coir fiber has excellent water absorbency and when used in conjunction with other materials like compost, it can be very effective in controlling soil erosion on slopes. It can also be used as a planting medium to help stabilize the soil. In addition, coir netting is often used to provide the necessary support to vegetation in these areas. Coir erosion control products are made of coir fiber strands or netting. The fiber strands are woven together to make a mat that is used in areas prone to soil erosion such as river banks, lakeshores, slopes, and hillside areas. Coir erosion control mats are also used on roofs and other places where water runoff can cause damage. The netting is made of coir fiber strands that are twisted together to form a mesh. This mesh can be used to cover banks and slopes to prevent soil erosion.
Coir has been used as a substitute for asbestos in several applications. One such application is its usage in insulation products. Coir-based insulation panels offer superior water & vapor resistance, thermal insulation, and acoustic properties while also providing fire protection to the building structure. The unique characteristics of coir are increasingly proving it as an alternative to synthetic materials for insulation applications. Coir insulation is also environment-friendly and helps reduce the carbon footprint.
Agriculture is the second-largest application for coir, after horticulture. Coir is used as a substrate in container farming and field cultivation to improve water retention, soil aeration, and drainage. The high organic matter content of coir also helps to suppress weed growth. Additionally, coir can be used as a mulch to help retain moisture and reduce weed growth. In India, coir is commonly used as a substrate for growing bananas. Coir is also used in other countries such as Australia and the United States to grow vegetables and fruits.
In addition to its use as a substrate or mulch, coir can also be used to improve soil fertility. The high potassium content of coir helps to improve soil fertility and increases the yield of crops. Coir also helps to improve the water-holding capacity of soils, which is important in areas that experience drought conditions. Coir has also been shown to suppress plant diseases and pests. The high lignin content of coir makes it difficult for disease-causing organisms to grow. Coir can also help to suppress insect pests by repelling them from plants.
On the basis of Region, the global coir market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Latin America is considered as one of the major producers of coir products in the world and accounts for about 15% share in terms of total production. The market for coir products is growing significantly with increasing government support and initiatives to promote new applications based on coconut husk. In addition, Latin American countries such as Brazil, Peru, and Mexico are major exporters of coir products to the global market. The Asia Pacific holds a major share in the global coir market. The region is projected to grow at a CAGR of 11.0% during the forecast period. Latin America and Europe are other major regions in the global coir market.
The Middle East and Africa are expected to witness significant growth during the forecast period owing to factors such as growing demand for coconut products by manufacturers of medical equipment, automobile components, etc. This region has a large number of countries that are dependent on agriculture for their livelihoods. The coir market in this region is becoming more popular amongst farmers because of its ability to improve soil health and increase crop yields. Coir is also being increasingly used as a substrate for horticulture in this region. Some of the key countries covered in this report are Saudi Arabia, South Africa, UAE, Nigeria, and Egypt.
- Increasing demand for coir in applications such as packaging and bedding & flooring. Coir has emerged as an environmentally friendly option for these applications owing to its biodegradability and anti-static properties.
- Growth in construction activities resulting from increased urbanization and industrialization. Coir is increasingly being used as an insulation material in construction activities owing to its thermal insulation properties.
- Rising demand for coir from the automotive industry due to its high strength and durability.
- Increasing awareness about the benefits of using coir among end-users. This has led to an increase in the demand for coir in applications such as insulation, matting, and agriculture.
- Surge in demand for biofertilizers is driving the growth of the agricultural industry. Coir is used to make compost from these fertilizers owing to its porosity and water holding capacity.
- Growing demand for coir from developing countries due to the increasing population and rapid industrialization.
- Availability of raw materials in the form of coconut husks at low costs in countries such as India, Sri Lanka, and Indonesia.
Up Market Research published a new report titled “Coir Market research report which is segmented by Industry Vertical (Packaging, Automobile, Bedding & Flooring, Agricultural), by Application (Netting, Upholstery-mattresses, Matting, Erosion Control, Insulation, Agriculture), by Type (Bristle Coir, Brown Fiber, White Fiber, Buffering Coir), by Source (Organicand Conventional), By Players/Companies Travancore Cocotuft, Sai Cocopeat Export Private Limited, Classic Coir, Benlion Coir Industries, Geewin Exim, Allwin Coir, MS Exporters, Kumaran Coir”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Coir Market Research Report|
|By Industry Vertical||Packaging, Automobile, Bedding & Flooring, Agricultural|
|By Application||Netting, Upholstery-mattresses, Matting, Erosion Control, Insulation, Agriculture|
|By Type||Bristle Coir, Brown Fiber, White Fiber, Buffering Coir|
|By Source||Organicand Conventional|
|By Companies||Travancore Cocotuft, Sai Cocopeat Export Private Limited, Classic Coir, Benlion Coir Industries, Geewin Exim, Allwin Coir, MS Exporters, Kumaran Coir|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||207|
|Number of Tables & Figures||145|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Industry Vertical (Packaging, Automobile, Bedding & Flooring, Agricultural), by Application (Netting, Upholstery-mattresses, Matting, Erosion Control, Insulation, Agriculture), by Type (Bristle Coir, Brown Fiber, White Fiber, Buffering Coir), by Source (Organicand Conventional).
Some of the companies that are profiled in this report are:
Coir Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Coir Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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